← Shutterstock, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $32.6m |
$16.7m
-48.73%
|
$54.7m
+226.94%
|
$20.1m
-63.23%
|
$71.8m
+256.90%
|
$91.9m
+28.03%
|
$76.1m
-17.17%
|
$110.3m
+44.89%
|
$35.9m
-67.41%
|
$45.5m
+26.62%
|
— | |
| Depreciation, Depletion and Amortization | $19.9m | $35.5m | $45.7m | $49.9m | $41.4m | $48.8m | $68.5m | $79.7m | $87.6m | $90.9m | $90.7m | |
| Amortization of Intangible Assets | $5.1m | $6.3m | $5.5m | $7.0m | $5.8m | $17.1m | $34.5m | $42.0m | $45.6m | $47.5m | — | |
| Capitalized Computer Software, Amortization | $3.6m | $14.1m | $24.9m | $30.3m | $28.9m | $26.9m | $29.6m | $34.9m | $39.3m | $41.2m | — | |
| Depreciation | $14.9m | $29.2m | $40.1m | $42.9m | $35.6m | $31.7m | $34.0m | $37.7m | $42.0m | $43.5m | $37.7m | |
| Deferred Income Tax Expense (Benefit) | $1.8m | $12.5m | ($6.3m) | ($2.0m) | $1.0m | ($1.8m) | ($10.6m) | ($26.2m) | ($11.0m) | $7.6m | ($1.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $28.1m | $25.0m | $23.9m | $22.8m | $28.3m | $36.2m | $35.7m | $48.6m | $56.3m | $61.1m | $53.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.0m | $6.8m | $7.3m | $7.1m | $4.5m | $22.7m | $22.6m | $15.8m | $12.2m | $9.4m | — | |
| Share-based Payment Arrangement, Expense | — | $25.0m | $23.9m | $22.8m | $28.3m | $36.2m | $35.7m | $48.6m | $56.3m | $61.1m | $53.5m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $0 | $0 | — | — | — | — | $5.0m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $173.8m | |
| Nonoperating Income (Expense) | ($1.3m) | $3.7m | ($5.0m) | $4.8m | $4.3m | ($3.4m) | ($2.6m) | $3.8m | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $4.8m | $4.3m | ($204k) | $87k | $3.8m | $4.4m | $17.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $13.2m | $10.0m | ($2.6m) | $6.2m | ($513k) | $4.1m | $22.1m | $24.4m | ($4.9m) | $16.3m | $49.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $3.0m | $1.3m | $1.2m | $84k | $2.6m | $137k | $3.7m | $1.9m | ($2.0m) | $713k | $49.0m | |
| Purchases of property and equipment, accrued but unpaid | $40.0m | $55.1m | $34.9m | $26.1m | $25.6m | $28.1m | $43.3m | $44.6m | $47.2m | $42.9m | ($44.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $101.1m |
$108.0m
+6.81%
|
$102.2m
-5.40%
|
$102.6m
+0.43%
|
$165.1m
+60.82%
|
$216.4m
+31.08%
|
$158.5m
-26.77%
|
$140.6m
-11.30%
|
$32.6m
-76.77%
|
$166.7m
+410.59%
|
$132.6m
-20.45%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $40.0m | $55.1m | $34.9m | $26.1m | $25.6m | $28.1m | $43.3m | $44.6m | $47.2m | $42.9m | ($44.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | $0 | $0 | $0 | $0 | ($50.3m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $0 | $0 | $2.2m | $20.9m | $28.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $181.6m | $211.8m | $53.7m | $179.1m | $0 | ($159.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($57.2m) | ($57.4m) | ($12.8m) | ($27.2m) | ($35.3m) | ($250.4m) | ($275.6m) | ($54.3m) | ($166.2m) | ($47.8m) | ($42.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $60.2m | $25.0m | $0 | $0 | — | $26.5m | $73.5m | $28.2m | $41.6m | $0 | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $23.2m | $0 | $0 | — | — | — | $0 | |
| Dividends paid | — | — | $104.9m | $0 | $24.4m | $30.7m | $34.6m | $38.7m | $42.4m | $46.5m | ($49.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($53.1m) |
($33.9m)
+36.19%
|
($109.7m)
-223.83%
|
($1.7m)
+98.45%
|
($4.6m)
-170.46%
|
($77.7m)
-1594.40%
|
($79.5m)
-2.27%
|
($102.7m)
-29.21%
|
$150.1m
+246.14%
|
($59.1m)
-139.37%
|
($67.8m)
-14.73%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($7.5m) | $12.5m | ($2.2m) | $72.4m | $122.7m | ($114.6m) | ($198.9m) | ($14.7m) | $10.8m | $67.0m | $138.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $233.5m | $305.9m | $428.6m | $314.0m | $115.2m | $100.5m | $111.3m | $178.2m | $138.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($7.5m) | $12.5m | ($2.2m) | ($1.3m) | ($2.5m) | ($2.8m) | ($2.3m) | $1.8m | ($5.8m) | $7.2m | ($5.1m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $8.7m | $1.7m | $2.5m | $5.4m | $1.2m | $2.1m | $1.8m | $2k | $0 | $0 | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $0 | $0 | $1.0m | $1.7m | $7.8m | $16.5m | — | |
| Income Taxes Paid, Net | $19.2m | $5.0m | $580k | $1.9m | $8.8m | $19.1m | $23.4m | $33.1m | $34.0m | $20.2m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | $38.6m | $0 | $0 | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($167k) | $2.8m | ($1.8m) | $540k | $3.1m | ($3.3m) | ($1.3m) | $879k | ($1.8m) | ($2.5m) | — | |
| General and Administrative Expense | $71.0m | $98.7m | $97.8m | $113.2m | $116.6m | $130.8m | $132.6m | $142.6m | $159.1m | $198.0m | — | |
| Goodwill | $49.3m | $98.7m | $88.6m | $89.0m | $89.4m | $219.8m | $381.9m | $383.3m | $569.7m | $574.6m | $173.8m | |
| Income Tax Expense (Benefit) | $11.9m | $13.4m | $11.4m | $4.8m | $17.8m | $12.9m | $14.9m | $12.2m | $26.6m | $29.8m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $10.6m | $16.8m | — |